We announced Intrum's financial results for the first half of 2024 today. Andrés Rubio, Intrum’s President & CEO, comments: “In the second quarter, we made strong progress in executing our capital-light strategy, with the sale of assets to Cerberus and the term sheet we signed relating to future investments. These developments are the start of our journey as we grow our highly cash-generative Servicing revenue and pivot towards a capital-light business model and evolve into becoming an investment manager. I am pleased to see the strong performance of our Servicing business with positive topline development driven by increased commercial activity, combined with increased margins leading to performance improvement across all of our regions. In parallel, our Investing business showed continued resilience and strong cash generation despite operating in a challenging economic environment.”
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How ECG is Supporting Startups and SMEs in Their Financial Journey 🚀 Credit Insurance 🛡️ ECG provides protection against non-payment risks, ensuring that businesses can extend safer credit terms to buyers. This shields businesses from potential financial losses due to unpaid invoices. Working Capital Guarantees 💼 ECG helps facilitate easier access to loans by offering working capital guarantees, which reduce the risk for lenders and provide businesses with better opportunities to secure financing. Pre- and Post-Shipment Financing 📦✈️ ECG improves cash flow for businesses by supporting financing needs both before and after shipments. This ensures that companies can maintain liquidity and grow their operations without facing financial constraints during critical periods. Enhanced Loan Terms 💰📉 ECG assists businesses in securing better loan conditions, such as lower interest rates, which help reduce financial burdens and make debt management more efficient. Connect with Us Today! 🌐 Visit www.enexperts.com or call 📞 +91-9319564627 to learn more. Let’s help you find the best refinancing options!
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The need for organizations to transform traditional collections processes is higher than ever! We spoke with key executives looking at debt and collections across industries to put together a whitepaper that offers an insightful and attractive proposition for building a collections system that works. Tap below to uncover the insights that could reshape the future of debt collections. 👇 https://lnkd.in/eMcTzAHc #DebtRecovery #CollectionsSystem #Innovation #FirstsourceInsights Arjun Mitra Tim Smith
The Loud Ping for Debt Collections | Firstsource
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B2B Payment Executive | Strategist | Change Agent | Value Driver | Board Member | Ex-AMEX/Ex-Taulia/Ex-Corpay | ACE Award Winner 2020 and Cultural Beacon 2021
‘This year, it is projected that 90% of North American growth corporates will continue accessing financing, with working capital loans, bank credit lines and corporate overdrafts being the primary external capital sources. Additionally, virtual cards are expected to witness increased use, with one-third of growth corporates planning to use them as their primary working capital solution.’ #virtualcards #workingcapitalmanagement
85% of CFOs Use Working Capital to Safeguard Businesses From Macroeconomic Shifts
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🚀 Communication and Transparency: Keys to Effective Debt Collection Happy Friday! Today, I'm going to share with you the essential elements of effective debt collection: communication and transparency. In the world of accounts receivable, these two factors play a pivotal role in building trust, fostering cooperation, and ultimately achieving successful outcomes. 💼💬 Clear and Open Communication Clear and open communication forms the foundation of any successful debt collection strategy. It's about more than just conveying information; it's about establishing a dialogue and fostering understanding with our customers. By keeping lines of communication open and accessible, we create an environment where customers feel valued and respected. Active Listening Effective communication goes hand in hand with active listening. It's not just about speaking; it's about truly hearing and understanding the concerns and perspectives of our customers. By listening attentively and empathetically, we demonstrate our commitment to addressing their needs and finding mutually beneficial solutions. Transparency Builds Trust Transparency is the cornerstone of trust in debt collection. It's about being honest, upfront, and forthright in our communications and actions. From clearly outlining debt terms and repayment options to providing regular updates on account status, transparency builds confidence and credibility, fostering a sense of trust and cooperation between the customers and the company. Empowering Customers Transparent communication empowers customers to make informed decisions about their financial obligations. By providing clear and accurate information about their debts, rights, and responsibilities, we enable them to take control of their financial situation and work towards resolution with confidence and clarity. The Power of Collaboration Communication and transparency also extend to collaboration within our own teams and with external partners. By fostering open communication channels and sharing information effectively, we ensure a coordinated and cohesive approach to debt collection, maximizing efficiency and effectiveness. Conclusion: Building Strong Relationships In conclusion, effective debt collection hinges on communication and transparency. By fostering clear and open communication, actively listening to our customers, and prioritizing transparency in our actions, we build strong relationships based on trust and cooperation. Together, we can navigate through challenges, find solutions, and achieve successful outcomes for all parties involved. 💡 Key Takeaway: Communication and transparency are the bedrock of effective debt collection. Share your thoughts on the importance of communication and transparency in debt collection in the comments below! Let's continue the conversation. 💬✨ #Communication #Transparency #DebtCollection
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Detailed Description of Corporate Actions in Investment Banking with Numerical Examples 1. Dividends Cash Dividends: Example: A company declares a cash dividend of $1.50 per share. If an investor owns 1,000 shares, they will receive $1,500 (1,000 shares x $1.50 per share). Stock Dividends: Example: A company declares a 10% stock dividend. If an investor owns 1,000 shares, they will receive 100 additional shares (1,000 shares x 10%). The total number of shares owned will be 1,100. 2. Stock Splits and Reverse Stock Splits Stock Splits: Example: A company declares a 2-for-1 stock split. If an investor owns 1,000 shares priced at $100 each, after the split, they will own 2,000 shares priced at $50 each (1,000 shares x 2; $100 / 2) 3. Mergers and Acquisitions (M&A) Example: Company A agrees to acquire Company B for $50 per share. If Company B has 10 million shares outstanding, the acquisition cost is $500 million (10 million shares x $50 per share). Investment banks will conduct due diligence, valuation, and structuring of the deal. 4. Rights Issues Example: A company offers a 1-for-5 rights issue at a 20% discount to the current price of $50, so new shares are offered at $40. If an investor owns 1,000 shares, they receive rights to buy 200 new shares (1,000 / 5) at $40 each, costing $8,000 (200 x $40). Underwriting Fees: Investment banks may charge 2-3% of the funds raised. If the company raises $100 million, 5. Spin-offs Example: A company spins off a subsidiary, issuing 1 new share of the subsidiary for every 10 shares of the parent company. If an investor owns 1,000 shares of the parent company, they will receive 100 shares of the new company (1,000 / 10). 6. Buybacks (Share Repurchases) Example: A company decides to buy back 1 million shares at $50 each, spending $50 million (1 million x $50). This reduces the number of shares outstanding and can potentially increase earnings per share (EPS). 7. Debt Restructuring Example: A company restructures $100 million of debt by extending the maturity from 5 years to 10 years and reducing the interest rate from 8% to 5%. The annual interest expense decreases from $8 million (8% of $100 million) to $5 million (5% of $100 million), saving $3 million annually. 8. Tender Offers Example: A company offers to buy back shares from shareholders at $60 per share, a 20% premium over the current market price of $50. If 1 million shares are tendered, the total cost is $60 million (1 million shares x $60 per share). 9. Bankruptcy and Liquidation Example: A company with $500 million in assets and $600 million in liabilities files for bankruptcy. Investment banks help liquidate assets and negotiate with creditors. If assets are sold for $400 million, they must be distributed according to the bankruptcy priority. 10. Corporate Governance Actions Example: A company decides to add three new independent directors to its board. Investment banks might provide advice on candidate selection and shareholder communication.
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🚀 See how P2P lending platforms like Lendermarket help retail investors and entrepreneurs achieve financial freedom. Check out the full Forbes article: #FinancialFreedom #P2PLending #InclusiveFinance #investing
How Creativity Makes Financial Freedom More Inclusive
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💰Specializing in: 1) helping businesses struggling to keep up w/their high-cost MCA debt payments lower those payments by 50-75% & 2) Helping small businesses secure FDIC Bank Financing with rates starting at 8.50%💰
💼 Attention business owners! Are you looking to supercharge your growth or break free from high-cost debt? We've helped clients slash their merchant cash advance payments by up to 88%, but that's just the beginning. From affordable FDIC Bank Term Loans to flexible Lines of Credit, we're transforming business finances across all 50 states. Curious about our 70%+ approval rate and how we can tailor solutions for your unique needs? Our latest video reveals the secrets to unlocking your business's full potential. Don't let financial constraints hold you back. Watch now and discover how we're making business financing easy, accessible, and affordable. Your next big opportunity is waiting. Are you ready to seize it? #merchantcashadvance #valuecapitalfunding #businessfinance #debtreduction #workingcapital #businessgrowth #financialsolutions
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🚫 DEBUNKING Commercial Debt Collection Myths! 🚫 Whether you're an Executive or Small Business Owner, #RAB understand the myths and misconceptions around debt collection. #RAB debunks FOUR common MYTHS and provides insight on how to navigate this critical aspect of business. 🌐 Discover more at www.rabtx.com. 💡 The Truth About Commercial Debt Collection: Myth 1: "Only for Large Corporations?" Fact: Small businesses benefit from professional debt collection services. Myth 2: "Hurts Customer Relationships?" Fact: Effective collection can strengthen relationships when handled professionally. Myth 3: "All Agencies are the Same..." Fact: Choose an agency that aligns with your values and industry. Myth 4: "Legal Action Is Always Necessary?" Fact: Legal action is a last resort; most cases can be resolved through negotiation. 📈 Strategies for Successful Debt Collection - Clear Payment Terms: Set transparent terms from the start to prevent disputes. - Timely Invoicing: Use automated systems for consistency and prompt payment. - Proactive Follow-Ups: Implement systematic processes for better collection rates. - Data-Driven Decisions: Use data to inform credit and debt collection strategies. - Professional Debt Collection: Enlist experts like RAB, Inc. for efficient resolution. Partner with RAB, Inc. to secure your financial future 🌐 Explore tailored debt collection services at www.rabtx.com. 📊 Stay updated on industry insights by following our LinkedIn page. ✉️ Contact our Sales Department at [email protected] for successful debt collection. Debunking myths allows you to approach debt collection confidently. RAB, Inc. is here to support your journey, ensuring you recover what's rightfully yours while maintaining positive client relationships. Don't let myths hold you back; secure your debt collection success today. 🌟 #DebtCollection #BusinessSuccess #FinancialFuture
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💰Specializing in: 1) helping businesses struggling to keep up w/their high-cost MCA debt payments lower those payments by 50-75% & 2) Helping business owners secure FDIC Bank Financing.💰
💼 Attention business owners! Are you looking to supercharge your growth or break free from high-cost debt? We've helped clients slash their merchant cash advance payments by up to 88%, but that's just the beginning. From affordable FDIC Bank Term Loans to flexible Lines of Credit, we're transforming business finances across all 50 states. Curious about our 70%+ approval rate and how we can tailor solutions for your unique needs? Our latest video reveals the secrets to unlocking your business's full potential. Don't let financial constraints hold you back. Watch now and discover how we're making business financing easy, accessible, and affordable. Your next big opportunity is waiting. Are you ready to seize it? #merchantcashadvance #valuecapitalfunding #businessfinance #debtreduction #workingcapital #businessgrowth #financialsolutions
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💼 Attention business owners! Are you looking to supercharge your growth or break free from high-cost debt? We've helped clients slash their merchant cash advance payments by up to 88%, but that's just the beginning. From affordable FDIC Bank Term Loans to flexible Lines of Credit, we're transforming business finances across all 50 states. Curious about our 70%+ approval rate and how we can tailor solutions for your unique needs? Our latest video reveals the secrets to unlocking your business's full potential. Don't let financial constraints hold you back. Watch now and discover how we're making business financing easy, accessible, and affordable. Your next big opportunity is waiting. Are you ready to seize it? #merchantcashadvance #valuecapitalfunding #businessfinance #debtreduction #workingcapital #businessgrowth #financialsolutions
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3moGreat earnings call with high quality Q&A and a positive market reaction today (shares up 23% on the day). Board taking many small but very positive steps. Still a long way to go, please fasten your seatbelts, but the board is going in the right direction. 80 long minutes but worth listening for anyone interested in earnings calls https://ir.financialhearings.com/intrum-q2-report-2024